Product Management For Dummies

Product Management For Dummies
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Your one-stop guide to becoming a product management prodigy Product management plays a pivotal role in organizations. In fact, it's now considered the fourth most important title in corporate America—yet only a tiny fraction of product managers have been trained for this vital position. If you're one of the hundreds of thousands of people who hold this essential job—or simply aspire to break into a new role—Product Management For Dummies gives you the tools to increase your skill level and manage products like a pro. From defining what product management is—and isn't—to exploring the rising importance of product management in the corporate world, this friendly and accessible guide quickly gets you up to speed on everything it takes to thrive in this growing field. It offers plain-English explanations of the product life cycle, market research, competitive analysis, market and pricing strategy, product roadmaps, the people skills it takes to effectively influence and negotiate, and so much more. Create a winning strategy for your product Gather and analyze customer and market feedback Prioritize and convey requirements to engineering teams effectively Maximize revenues and profitability Product managers are responsible for so much more than meets the eye—and this friendly, authoritative guide lifts the curtain on what it takes to succeed.

Оглавление

Brian Lawley. Product Management For Dummies

Introduction

About This Book

Foolish Assumptions

Icons Used in This Book

Beyond the Book

Where to Go from Here

Part 1. Getting Started with Product Management

Chapter 1. Welcome to the World of Product Management

Understanding the Need for Product Management

Recognizing the Critical Role of Project Management

Product Management in a Nutshell: Checking Out Your Day-to-Day Life

Chapter 2. Getting in Character: Discovering Your Role as a Product Manager

Orientation Day: Examining Your Role as Product Manager

Comparing Product Management to Other Related Roles

Conducting a Self-Assessment: Traits of a Great Product Manager

RACI and DACI: Understanding Responsibilities

Chapter 3. Checking Out the Product Life Cycle

Defining the Product Life Cycle: What It Is and Isn’t

It’s Just a Phase: Breaking Down the Product Life Cycle

Detailing the Optimal Product Process

Part 2. Discovering, Evaluating, and Planning for Great Products and Services

Chapter 4. Coming Up with Great Product Ideas

Getting a Handle on the Creative Process

Generating Creative Ideas: Techniques and Tips

Chapter 5. Working to Understand Who Your Customer Is

Moving from Markets to Segments

Harnessing the Creativity of Personas

Making Sure You Cover All Persona Roles

Visiting Customers

Chapter 6. Doing Your Homework: Evaluating Your Ideas

Understanding the Importance of Market Research and Competitive Intelligence

Undertaking the Market Research Process

Studying Competitive Intelligence

Reality-Checking Your Ideas and Hypotheses

Crunching the Numbers with Financial Forecasting

Chapter 7. Prioritizing and Selecting Your Ideas

Prioritizing Your Ideas

Applying Scoring Models

Chapter 8. Planning to Plan: Choosing a Suitable Approach

Adopting Planning Best Practices

Deciding on the Right Amount of Planning

Streamlining the Planning Process with Lean and Simple Planning

Taking a More Thorough Approach: In-Depth Planning

Chapter 9. Developing Your Business Case

Making a Business Case for the New Product or Service

Putting It All Together: Documenting Your Business Case

Chapter 10. Developing Your Market Strategy

Grasping the Importance of a Market Strategy

Setting Yourself Straight on Strategy Tools

Considering Other Components of Marketing Strategy

Putting Your Market Strategy in Writing

Chapter 11. Developing a Plan: Market Needs, Product Description, and Road Maps

Uncovering Market Need and Creating Product Feature Descriptions

Documenting Market Needs

Whipping Up a Product Feature Description

Plotting Your Product’s Path to Success with a Product Road Map

Part 3. Building and Maximizing Product Success: From Development to Retirement

Chapter 12. Shepherding a Product Idea through the Development Phase

Getting the Lowdown on Waterfall/Phase-Gate versus Agile Development

Unlocking the Secrets of the Product Development Trade-Off Triangle

Maintaining Best Practices during Development

Chapter 13. Gearing up for Your Product Launch: The Qualify Phase

Getting Up to Speed on the Qualify Phase

Putting a Beta Program in Place

Making the Decision to Ship the Product

Chapter 14. Liftoff! Planning and Executing an Effective Product Launch

Unlocking the Do’s and Don’ts of a Successful Product Launch

Setting Launch Goals

Checking Out Different Launch Types

Running a Smooth Product Launch

Creating a Product Launch Plan

Validating the Plan against Your Launch Goals

Chapter 15. Maximizing Your Product’s Revenue and Profits

Grasping the Basics of Marketing

Forecasting: A Look to the Future

Creating an Effective Marketing Plan

Monitoring Product Success Metrics

Changing Course: Making Adjustments

Chapter 16. Retirement: Replacing a Product or Taking It off the Market

Deciding How to Retire a Product

Considering Critical Factors in a Product Retirement Plan

Following Best Practices when Retiring a Product

Part 4. Becoming a Phenomenal Product Manager

Chapter 17. Cultivating Your Product Management Leadership Skills

Identifying Traits of an Effective Product Management Leader

Developing Your Leadership Style

Chapter 18. Mastering the Art of Persuasion

Brushing Up on Persuasion Basics

Getting Your Executive Team on Board

Winning Over Your Development Team

Getting Sales on Your Side

Chapter 19. Getting to the Next Level in Product Management

Mapping Your Career Path: Setting Goals and Target Dates

Mastering Your Market and New Technologies

Part 5. Part of Tens

Chapter 20. Ten Common Product Launch Mistakes to Avoid

Failing to Plan Early Enough

Not Having a Sustaining Marketing Plan in Place

Shipping a Poor Quality Product

Inadequately Funding Launch

Underestimating the Required Marketing Exposure

Driving Customers to Buy Your Competitor’s Products

Announcing Too Early

Not Having a Dedicated Product Review and Public Relations Program

Delaying Communication

Considering International Markets as an Afterthought

Chapter 21. Ten (Plus One) Road Maps to Help You Succeed

Theme-Based Product Road Maps

Timed Release Product Road Maps

Golden Feature Product Road Maps

Market and Strategy Road Maps

Visionary Road Maps

Competitive, Market, and Technology Trends Road Map

Technology Road Maps

Technology across Products Road Map

Platform Road Maps

Matrix Product Road Maps

Multiple Product Line Road Maps

Chapter 22. Ten Ways Product Managers Fail

Talking More Than Listening

Focusing Only on Features

Not Continuing to Learn

Reinventing the Wheel

Avoiding Seeking Help

Digging In and Refusing to Compromise, Ever

Never Visiting Customers

Not Owning the Whole Product

Adopting Agile but Losing Overall Business Focus

Being a Product Janitor Rather Than a Product Manager

Glossary

About the Authors

Отрывок из книги

Product management is a critical strategic driver in a company. It can make a huge impact in terms of whether products, as well as the entire company, succeed or fail in both the short and long term. It’s the only role in a company that grasps all aspects of the business, including customers, the market, competition, trends, strategy, business models, and more. As such, great product management makes great companies.

While writing Product Management For Dummies, we tapped into our combined 60 years of hands-on product management experience. We also took advantage of the methodology and learning we’ve discovered working with tens of thousands of clients and individual product managers over the past 20 years in the product management consulting and training business. The resulting book, we hope, will allow you to discover and apply great product management concepts to your business and products to create massive success.

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In this book, we refer to both product management and product marketing using the term product management only. In this context it covers all activities in a product’s life from conception of the initial idea to when the product is retired. The only exception occurs when we’re discussing the difference between these roles.

In writing this book, we made a few assumptions about you. We assume that you have some business knowledge but not necessarily any particular technical knowledge of a subject or product area. We assume that if you need to have this technical knowledge, you have acquired or will acquire it elsewhere (and we let you know when you’ll likely need to get outside information).

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